SoFi Invest
Rating: 0.5 / 5SoFi Invest is a brokerage service offered by publicly listed SoFi Technologies. It caters primarily to first-time buy-and-hold investors with low-frequency investment strategies.
SoFi Invest is a brokerage service offered by publicly listed SoFi Technologies. It caters primarily to first-time buy-and-hold investors with low-frequency investment strategies.
Broker Details
- Headquarters
- United States
- Established
- 2011
- Min Deposit
- $0
- Execution
- Market Maker
- Regulators
- SEC
Trading Conditions
- Retail Loss Rate
- Undisclosed
- Min Raw Spreads
- NA
- Min Standard Spreads
- NA
- Min Forex Commission
- NA
- Trading Hours
- Stocks (non-CFDs)Monday 09:00 - Friday 20:00ETFsMonday 09:00 - Friday 20:00OptionsMonday 09:00 - Friday 20:00
Accounts & Funding
- Funding Methods
- 2
- Deposit Options
- Wire TransferDebit Cards
- Deposit Fees
- Yes
- Withdrawal Options
- Wire TransferDebit Cards
- Withdrawal Fee
- No
Trading Costs & Spreads
- EUR/USD
- NA
- GBP/USD
- NA
- Gold
- NA
- Bitcoin
- NA
- WTI Crude
- NA
- Inactivity Fee
- FALSE
Platform & Features
- Trading Platforms
- cTrader, Proprietary platform
Pros
- Robo-advisory from $1 without advisory fees
- Low fees and free access to investment advisors and career counsellors
Cons
- Not suitable for active investors or more demanding traders
- Low-quality investment platform
- Limited asset selection of equities, ETFs, and options
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